Wells Fargo & Co., the fourth-largest U.S. bank by assets, said Monday it hired six senior investment bankers as part of an expansion of its securities unit.
Shawn Cross joined as managing director, healthcare and will lead Wells Fargo’s biopharma investment banking effort. He has more than 14 years of experience at Alex. Brown & Sons, Deutsche Bank Securities, Thomas Weisel Partners and Burrill & Co. Cross will be based in San Francisco and report to John Hudson, head of the consumer, healthcare & gaming investment banking group.
Adam DeGarmo joins from J.P. Morgan Chase as managing director for industrial growth & services, specializing in chemicals. He has 19 years of investment banking experience and last served as a managing director in J.P. Morgan’s chemical industry coverage group. DeGarmo is based in New York City and reports to John Church, head of industrial growth and services.
Shane Goodwin joins as managing director, middle market banking group and head of Southwest region. Goodwin has 18 years of M&A, corporate finance and principal investing experience at Goldman Sachs, Citigroup/Salomon Brothers and Donaldson, Lufkin & Jenrette. He is based in Dallas and reports to Sam Farnham, head of middle market banking.
John Fowler joins as vice chairman, healthcare investment banking. He has over 20 years of investment banking experience, most recently as vice chairman and head of European healthcare at Deutsche Bank. Fowler is based in New York City and reports to Hudson.
Tim Schar joins as managing director, equity capital markets, specializing in technology, media and telecom. Schar was previously vice president of finance and interim CFO at ServiceSource Inc. He also has 18 years of investment banking experience, most recently at Credit Suisse as managing director of global markets solutions and equity-linked products. Schar is based in San Francisco and reports to Andy Sanford, head of equity capital markets.
Gerry Walters joined as managing director and head of west coast technology. Walters was previously at Oppenheimer, where he served as managing director, head of Internet and digital media. He is based in San Francisco and reports to Jim Broner, head of the technology, media & telecom investment banking group.
"As client demand continues to increase, we’re excited to add the years of experience, deep industry knowledge and expert execution skills of these six new senior bankers to our already strong and diverse platform,” Jonathan Weiss, co-head of investment banking and capital markets said in a press release.